949 E 2nd St - Office FOR SALE


Los Angeles, CA 90012- Arts District
$18,975,000 USD
213-629-6528
949 E 2nd St, Los Angeles, CA for Sale
$18,975,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

949 E 2nd St
Los Angeles, CA 90012
Arts District


HIGHLIGHTS

  • Highly Walkable Arts District Location
  • Two Securely Fenced Surface Lots
  • Surrounded by Top Dining, Retail & Culture (Hauser & Wirth)
  • New Construction with Heavy Power
  • Ideal for Development - Two Street Frontage & Corner Parcel
  • Adjacent to LA Metro & Union Station

OVERVIEW

949 E 2nd St (the “Property”) provides a compelling opportunity to acquire one of the newest, boutique office buildings in the heart of Los Angeles’ Arts District. Situated on ±1.14 acres with extensive surface parking, the location is the private campus for a Daily Journal Corporation subsidiary since its custom construction in 2003 and can be delivered vacant at the close of escrow. Totaling ±36,848 square feet, the Property features modern concrete tilt-up construction, open floorplans, secure 2 per 1,000 parking and long-term development optionality within a qualified opportunity zone. The Property’s location at Second Street and Santa Fe Avenue offers an “authentic” walkable experience that is surrounded by some of the city’s most popular restaurants, shops, and art galleries.

FOR SALE DETAILS

PRICE

$18,975,000 USD

PRICE/SF

$515 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

M3-1

APN/PARCEL ID

5163-005-018

ASK ABOUT THIS PROPERTY

Brandon GillCushman & WakefieldMore Info
213-629-6528

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Brandon GillCushman & WakefieldMore Info
213-629-6528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.